Author: NBTC
Payment card giant Visa is expanding its collaboration with Wirex towards enhancing the adoption of Web 3 payments across the UK and the European Economic Area. By integrating Visa cards and reducing payment friction, this partnership promises reliable payment services through Visa’s payment network. According to the official announcement, central to the partnership is the introduction of Wirex Pay, a modular Zero Knowledge (ZK) payment chain. Wirex Pay aims to simplify how users manage and spend cryptocurrencies and traditional currencies by providing a way to handle funds. This product reportedly enhances payments by enabling transactions between blockchain technology and traditional…
According to a recent update from the Whale Alert service, a dormant address containing 24 Bitcoins ($1.4 million) has been activated for the first time in more than 11 years. This is already the second ancient address that has sprung back to life within the last 24 hours. Two hours ago, Whale Alert spotted an address containing $8.6 million worth of Bitcoin that was activated after more than 10 years of dormancy. Similar addresses also woke up on July 8 and July 6 with $2.7 million and $8.1 million worth of Bitcoin, respectively. Overall, Whale Alert has already recorded 10…
Ubisoft, the storied video game publisher behind the Assassin’s Creed and Just Dance franchises, is rolling out a free NFT mint this week for its first original blockchain-based game, Champions Tactics: Grimoria Chronicles. Set to take place on Oasys, a gaming-centric network, the mint will let players collect a total of 75,000 in-game champion figurines. It will be a completely free mint with no gas fees for users, though holders of the existing Warlords NFTs will get first dibs and can claim more champions. The first phase of the mint will begin Monday, as holders of the game’s Warlords profile…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In April 2023, the European Union rolled out a comprehensive piece of legislation to finally reign in the crypto and blockchain industry. The Markets in Crypto-Assets Regulation (MiCA) is a bold and pioneering initiative aimed at applying a unified regulatory framework to the industry and establishing clearer laws for crypto asset service providers and token issuers. You might also like: Cryptocurrency after the European Union’s MiCA regulation | Opinion Viewed as a milestone in the crypto regulatory…
Animoca Brands subsidiary Eden Games announced Monday that it is developing Cosmic Royale, a new blockchain-based kart racing game connected to the Animoca-centric Mocaverse on-chain identity and community platform. Set to launch in the fourth quarter this year, the Mario Kart-inspired racing game will also be part of Animoca’s Motorverse gaming ecosystem, which includes titles such as Torque Drift 2, REVV Racing, and MotoGP Ignition. Cosmic Royale features 40-player matches with multiple racing rounds and a survival-themed finale. The game will serve as the pilot gaming experience for Cosmic Club, Mocaverse’s new social gamification platform. The initial trailer shows avatars…
According to data provided by WuBlockchain, spot trading volumes on major centralized exchanges declined by as much as 17% in June. Notably, the Upbit exchange took the biggest hit, with 45%. Bitfinex has also experienced a sizeable decline, with a 38% drop. Binance, the world’s largest trading platform in terms of spot trading volume, also experienced a notable drop of 22.6%. At the same time, some exchanges of the likes of Mexc and HTX actually managed to record gains in terms of spot trading volume, bucking the broader trend. Derivatives trading volumes have also plunged by 18%, with Gate and…
As pressure builds, then dissipates, then builds again for President Joe Biden to abandon his struggling campaign for re-election, most players in Washington have seen much risk and little reward in coming down publicly on one side of the increasingly heightened debate. For DC’s crypto policy leaders, the question of whether to push for Biden to drop out is a sticky one. It’s true that the president’s administration is widely reviled in the crypto industry, for a multitude of reasons—from vocally backing the Security and Exchange Commission (SEC’s) crusade against crypto firms, to its vetoing of key pro-crypto legislation. On…
Online Russian vendors are promoting so-called ‘face fraud’ by selling anonymous headshots to fraudsters who want to bypass the know-your-customer (KYC) checks of crypto exchanges and other services. As reported by 404 Media, sellers are uploading images and videos of random, nameless citizens in exchange for bitcoin. Fraudsters then buy these images and use them on their accounts as a means of attaching a fake identity for KYC purposes. One site, called Fotodropy Store, lists images attached to a single person for 1,390 Russian rubles ($16). The site offers various demographic options including the option to specify the gender and…
June is shaping up to be an exciting month for AI-focused cryptocurrencies. Experts are cautiously optimistic about a possible comeback for the following digital assets. CryptoRand analysts point to INJ, RNDR, FET, and OCEAN as attracting renewed attention. This comes as the AI index exhibits signs of stabilizing at a new higher low, suggesting a potential bullish reversal if it consolidates above $10.50. One factor contributing to this anticipation is the recent strength of Nvidia (NVDA), a leading chipmaker with a prominent role in the AI industry. NVDA’s surge to new all-time highs is often seen as influencing broader sentiment…
A recent report reveals that the majority of jurisdictions worldwide have only partially complied with the Financial Action Task Force (FATF) recommendations for regulating virtual assets. Some progress has been achieved, but not enough, according to a report released on July 13. Further efforts are required to fully adhere to the FATF recommendations and establish a cohesive global strategy for regulating virtual assets. According to the study: 58% of jurisdictions have introduced varying levels of regulation for virtual asset service providers (VASPs) Only 42% have fully implemented the FATF’s “travel rule,” which mandates the exchange of customer information between VASPs.…